New Fixed Income Plan: Over 5% per year fixed, monthly payments, for full five year term…
If you are looking for a high level of income and want to know exactly how much interest you will receive, when, and for how long, this new fixed income plan from Causeway Securities offers exactly that.
The FTSE 100 Fixed Monthly Income pays a fixed income of 0.4208% each month (equivalent to 5.0496% each year), has a fixed term of five years and will pay the income regardless of the performance of the FTSE 100 Index.
At the end of the plan, your original capital is returned in full unless the FTSE 100 Index has fallen by more than 35% from the opening Index level. If the Index has fallen by more than 35%, then your initial capital will be reduced by 1% for each 1% fall.
By offering a high fixed income rather than a variable income based on the performance of the stock market, this plans offers something different to income seekers and should prove popular with investors.
Fixed monthly income: 0.4208% (equivalent to 5.0496% annually)
Income paid monthly for full 5 year term of plan, regardless of the FTSE 100 Index performance
Capital At Risk Product – 65% barrier
Available for Stocks & Shares ISA, ISA Transfer and Direct Investments. Also available to businesses, charities, trusts and SIPP and SSAS pension schemes
Investment term: 5 Years
Arrangement fee applies
Minimum single investment: £10,000
Maximum ISA investment: £20,000
No maximum for ISA transfers and non-ISA investments
ISA Transfer Applications: 8 July 2022
Direct & ISA Applications: 22 July 2022
Reduced arrangement fee: For investments of £100,000 or more into this plan, processed through Fair Investment Company, your arrangement fee will be reduced to 2% of your original investment.
Important Information: This is a structured investment plan which is not capital protected and is not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.